The Debts Recovery Tribunal allowed an application filed by Punjab National Bank for recovery of Rs. 21,57,343/- with interest against two defendants who mortgaged land and acted as guarantors, directing issuance of a recovery certificate.
Recovery of Rs. 21,57,343/- with interest at 11% per annum allowed; recovery certificate issued; Joint and several liability imposed.
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IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 1200/2020 Date of Institution: 17.03.2020 Date of Decision: 05.12.2025
Punjab National Bank (erstwhile Oriental Bank of Commerce) having its branches all over India and a branch at Fatehgarh Churian, Tehsil Batala, District Gurdaspur, Punjab.
……..Applicant
Vs.
……….Defendants
Advocates
Sh. Jiteshwar Malhi, Counsel for the applicant bank. Defendants - ex parte vide order dated 23.04.2024 .
OA for the Recovery of Rs.21,57,343/- with interest @11% per annum with half-yearly rests from 17.03.2020.
ORDER
2
1 issue framed by the court
Whether the applicant bank established its case for recovery of dues along with interest against the defendants?
2 provisions across 1 enactments
Punjab National Bank
Sh. Karambir Singh
Sh. Darshan Singh
A S Narang
As recorded by the court registry
2 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
